thanks! and good question! so, here is the support/resistance estimates below on AFPW on Friday. Of course this changes regularly...so don't count on it for another day...
I personally, depending on the size of the trade and how long I want to wait, try not to get too greedy with a trade like this. If you were to rely on the variance between S2 & R2 it might not happen in the same day (easily could, but no guarantee). So I like to kinda park myself in between S1/2 and R1/2 for a decent profit and easier fill. UNLESS, I get a good buy on the support side, and I'm glued to Level 2....then I can stretch it as high as I want because you can generally see the resistance hit in front of you.
But I happened to make a trade on Friday in AFPW that went from .0046 to exit at .0055 which is a much smaller spread. But at 200k shares, it still got me $180. Not bad for a click of the mouse.
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